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by JacobAldridge 1060 days ago
> What if all corporate accountants were required to be government employees?

So then what if a company is seeking to expand internationally, and looking at options for various reasons (including costs, which includes the tax burden). Isn’t it a conflict of interest to have a US government employee weighing in on how to improve a company at the loss of IRS revenue?

And that’s an extreme example. Any company accountant or CFO is going to be involved in regular decisions where “paying less tax” is an important outcome to consider.

1 comments

Isn’t that the task of tax attorneys? Different line of work, though same domain of concern.
Depending on the size of the company, you’d probably need a team; but there aren’t too many companies with a tax attorney on the staff so the accounting team would be doing the heavy lifting.
Large and multinational companies (your extreme example) don’t suffer from this problem; nor do medium sized ones.

Many of the smaller businesses rely on dodge—by-cash or function just fine.

In fact, the audit problems caused by tiny, front/fake LLCs and paper companies lead to a real, criminal-level audit trail problem.